Never Lose Again

[dragon33]

Btw dragon.. u still in that long or did u close it?

I closed with 284 pips and i have another long open and that one is good for 264 at the time of this writing. Again based from the weekly chart

[dragon33]

Why not drawing them on every candle!

For what do we look?

We look for possible reverals on higher frames, right! What if price come back to and H1 50% area while the H4 is not closed yet!
Do you want to miss that trade?

Why is ES/PIP making small any many trades! Yes because he is able to catch momo when while it is forming!

Just start drawing and observing!

HUH?! Are you now saying that we shouldn't wait for 4H to close?

It depends which frame you will trade.

If you will analyse H4 then you miss nice runs on H1 and so on.
The example of PTG was such a trade. If you had drawn on H4 then you have missed the trade because you are waiting untill price reach the 50% section.

[lukx]

So now when gu is goin up and up and up, ar eyou guys waiting for another 4H momo long or waiting for soem revers momo to short side?

[pablo101]

...

[lukx]

Btw dragon.. u still in that long or did u close it?

I closed with 284 pips and i have another long open and that one is good for 264 at the time of this writing. Again based from the weekly chart

Dragon is there any chance you can in future give us signal for such a 200pip trade I would love to recover from 5000$ losses in few such big pip trades and just stop trading this damn forex.

[dragon33]

So now when gu is goin up and up and up, ar eyou guys waiting for another 4H momo long or waiting for soem revers momo to short side?

I think this is answered several times to you!

Yes you always need a momo to the opposite side to go short but that momo is not always valid. Previous momo is always in the game and the closes from the bodys are very important in what you see.

[Fxtraveller]

Lukx, if u Like, here is a good Sell zone, where u

1)should not enter blindly

2) search for an opportunity to enter


I will surely be trading it, these big opportunities dont come about often =]

[dragon33]

forgot to take picture but reentered after the strong pullback.



Here is the M15 to show how easy it is. Always the same over and over again. What i have learned from MO is just crazy. I made a 50% gain in just two days using 1/3 of my normal lotsize because it was my first weekly trade. If i had used the same lotsize as always i would have gained almost 200%. I am probablu out too soon 1.6263 is a good turningpoint from the daily.

[dragon33]

Btw dragon.. u still in that long or did u close it?

I closed with 284 pips and i have another long open and that one is good for 264 at the time of this writing. Again based from the weekly chart

Dragon is there any chance you can in future give us signal for such a 200pip trade I would love to recover from 5000$ losses in few such big pip trades and just stop trading this damn forex.

No there isn't because i don't know in front when that is gowing to happen!
I do have some taughts about it but i'm just i guy like you.
My head is full of ideas all learned from TRO and MO and others all tried with succes and errors but that is just trading.

This weekly thing is just amazing but it is not always good for such big runs.
Try to mark the body opens or closes from the weekly chart and the switch to lower tmf and jus trade the horizontal line. Get out on previous high. Just try it. Less trades but all are good ones

[lukx]

Lukx, if u Like, here is a good Sell zone, where u

1)should not enter blindly

2) search for an opportunity to enter


I will surely be trading it, these big opportunities dont come about often =]

Thank you Fx, but this is good example why I got lost...
You said get ready for short but we already have huge, fresh momo up. Should be wait for pullback and take long instead of using old momo from past for taking short?